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  • #1,521
  • Mar 12, 2025 7:15am Mar 12, 2025 7:15am
Good day!
Price is still bearish and ready for going further down.
We've key data in a few with CPI.
1- Any overshoot (and it's expected) will send down NQ.
2- Inline and undershoot will provide a shy bounce and resume down.

The world is witnessing how USA is treating its closest ally and neighbor. In my view, BRICS countries and their allies will benefit from the self-inflicted destruction of USA and to lesser extend Europe.

Trump is making pressure on the FED for free money and rate cuts. March meeting will be extremely relevant.
We got positive news on the ceasefire in Ukraine. If Russia accepts (which is 100% expected), it will boost for ST NQ and equities.
Attached Image (click to enlarge)
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  • #1,522
  • Mar 12, 2025 7:19am Mar 12, 2025 7:19am
Why would an overshoot send nasdaq down? Just an understanding question.
  • #1,523
  • Mar 12, 2025 7:33am Mar 12, 2025 7:33am
Quoting Fadhl
Good day! Price is still bearish and ready for going further down. We've key data in a few with CPI. 1- Any overshoot (and it's expected) will send down NQ. 2- Inline and undershoot will provide a shy bounce and resume down. The world is witnessing how USA is treating its closest ally and neighbor. In my view, BRICS countries and their allies will benefit from the self-inflicted destruction of USA and to lesser extend Europe. Trump is making pressure on the FED for free money and rate cuts. March meeting will be extremely relevant. We got...
Scenario 2 is in play!
  • #1,524
  • Mar 12, 2025 7:35am Mar 12, 2025 7:35am
Quoting Mattisanti
Why would an overshoot send nasdaq down? Just an understanding question.
Overshoot means Inflation is High. This married with recession is very bad for consumer and FED.
  • #1,525
  • Mar 12, 2025 7:38am Mar 12, 2025 7:38am
Quoting Fadhl
{quote} Overshoot means Inflation is High. This married with recession is very bad for consumer and FED.
ah okay, so its good i shorted at the peak just now
  • #1,526
  • Mar 12, 2025 7:45am Mar 12, 2025 7:45am
Here is my planned Sell order.
Attached Image (click to enlarge)
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  • #1,527
  • Mar 12, 2025 7:46am Mar 12, 2025 7:46am
Quoting Mattisanti
{quote} ah okay, so its good i shorted at the peak just now
Just for clarification, data came Undershoot.
  • #1,528
  • Mar 12, 2025 7:52am Mar 12, 2025 7:52am
Quoting Fadhl
{quote} Just for clarification, data came Undershoot.
Yes, we just had that shy bounce like you said and now we are going back down. You also said so, right? I‘m not expecting the price to go much higher than what we saw a few ago.
  • #1,529
  • Mar 12, 2025 8:16am Mar 12, 2025 8:16am
Quoting Mattisanti
{quote} Yes, we just had that shy bounce like you said and now we are going back down. You also said so, right? I‘m not expecting the price to go much higher than what we saw a few ago.
Exactly! This is based on my analysis.
  • #1,530
  • Mar 12, 2025 8:18am Mar 12, 2025 8:18am
Quoting Fadhl
Here is my planned Sell order. {image}
The opening is coming.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2025-03-12_09-17-45.png Size: 40 KB
  • #1,531
  • Mar 12, 2025 8:36am Mar 12, 2025 8:36am
Quoting Fadhl
{quote} The opening is coming. {image}
Triggered! I'm in.
  • #1,532
  • Mar 12, 2025 9:00am Mar 12, 2025 9:00am
Quoting Fadhl
{quote} The opening is coming. {image}
Took off my first 100 points.
Moved STP to BE.
  • #1,533
  • Edited 10:04am Mar 12, 2025 9:35am | Edited 10:04am
Quoting Fadhl
{quote} Took off my first 100 points. Moved STP to BE.
Got off my second TP with 200 points
Edit:
TP3 hit and moved BE to +100 points.
  • #1,534
  • Mar 12, 2025 9:36am Mar 12, 2025 9:36am
Quoting Fadhl
{quote} Got off my second TP with 200 points
How can you place multiple TP‘s? Is it broker connected?
  • #1,535
  • Mar 12, 2025 9:43am Mar 12, 2025 9:43am
Quoting Mattisanti
{quote} How can you place multiple TP‘s? Is it broker connected?
Open many positions with various TPs.
In this case I traded Futures: 20 mini contracts. Every TP reached 4 mini contracts were closed.
  • #1,536
  • Mar 12, 2025 10:06am Mar 12, 2025 10:06am
On other note, if you trade OIL, it's providing a good opportunity to sell it and buy Gold.
  • #1,537
  • Mar 12, 2025 10:14am Mar 12, 2025 10:14am
Price has reached support level. We might see a bounce. So if you're in, manage your positions accordingly.
I expect Trump to react to Canada retaliation which it will continue the down move.

Attached Image (click to enlarge)
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  • #1,538
  • Mar 12, 2025 11:28am Mar 12, 2025 11:28am
Quoting Fadhl
{quote} Got off my second TP with 200 points Edit: TP3 hit and moved BE to +100 points.
And stopped out with my last position with 100 points.
It was a very nice green day!
Hope some of you jumped in and took advantage as well!
  • #1,539
  • Mar 12, 2025 11:49am Mar 12, 2025 11:49am
Very good day for me too first trade 250 Points and second trade got out with 70 points. Cheers!!! Enjoy the rest of your day guys, out for today.
  • #1,540
  • Mar 12, 2025 3:28pm Mar 12, 2025 3:28pm
End of day analysis!
Attached Image (click to enlarge)
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We got an irrelevant daily close.
Tomorrow, we have PPI data. NQ will behave in the same CPI manner:
1- Overshoot: NQ down;
2- Inline or Undershoot: A bounce and down (zigzag).

What I want to highlight is that the current area 19100-19600 seems to become ST/MT Support or Resistance. Hence price might continue to be around it until the end of the week and the next few days.
When price will break it, it will give the sign of next direction:
1- Recession, inflation and tariffs are all negative factors. NQ should continue down;
2- FED next week: free money; rate cut. These are positive factors. NQ downtrend ends and we move back up.
3- Tax cut and deregulation are also positive factors.

So as you can see, we have many opposite forces happening or markets expect them to happen. Any delay of the positive factors, markets will move down to make pressure.
Have a good evening/night!
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